5.2.1 Similarities in the key characteristic of participatory governance

The identified similarities in the key legal characteristic of participatory governance underscore the existence of a similar substantive core in the legal provisions of the compared legal forms for social enterprises. The identified substantive core is in line with the elements defining the participatory governance of the social enterprise provided in the Commission’s definition.

At the similar substantive core of the legal nature of a social enterprise, there are certain participatory governance arrangements. Stakeholder participatory governance features in the roles and rights of various types of stakeholders in the decision-making processes. Although the various types of participation of stakeholders in the decision-making processes are constituted differently in the examined tailor-made legal forms, the legislatively prescribed participation commonly allows for the formal participation of stakeholders in these decision- making processes.